Brief by Shorts91 Newsdesk / 08:34am on 30 Mar 2026,Monday International
Global oil prices rose sharply and Asian markets fell as the US-Israel war with Iran entered its fifth week. Brent crude climbed over $115 a barrel, while US oil reached $101.62. Japan’s Nikkei 225 dropped 2.8%, and South Korea’s Kospi fell nearly 3%. Tensions increased after Houthi strikes on Israel and threats by Iran to widen attacks. Concerns over supply grew as shipping through the Strait of Hormuz slowed. Shipping expert Lars Jensen warned the impact could be “substantially larger” than the 1970s crisis. He said, “We need to keep in mind” delays in supply are still affecting markets. (PC: BBC)
